In a report released today, Steven Zaccone from Citi assigned a Buy rating on Home Depot, with a price target of $407.00.
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Steven Zaccone has given his Buy rating due to a combination of factors that indicate potential growth for Home Depot. One of the primary reasons is the anticipation of new strategic messaging for 2026, which aims to manage market expectations and reflect the impact of acquisitions on earnings before interest and taxes (EBIT) margins. Despite a weaker-than-expected performance in 2025 due to the absence of hurricane-driven demand, Home Depot is positioned as a share-gainer in the market, and the company is expected to outline plans to return to normalized growth.
Additionally, Zaccone notes that Home Depot’s strategy involves updating its sales growth targets and capital allocation plans, including a return to share repurchases by the end of fiscal year 2026. These strategic updates, combined with an expected share price return of 15%, support the Buy rating as they suggest a positive outlook for the company’s future performance.
In another report released on November 19, Jefferies also reiterated a Buy rating on the stock with a $438.00 price target.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HD in relation to earlier this year.